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A sub-broker is an agent who works with a main broker to help clients buy and sell stocks and other securities. They assist investors in making informed decisions and facilitate their trading activities.
To become a sub-broker, you need to register with Swastika. We will guide you through the process, including the required documentation and training.
As a sub-broker, you can earn commissions on the trades you help facilitate, gain access to a wide range of financial products, receive training and support from us and build your own client base.
You typically need a minimum educational qualification, basic knowledge of the stock market, and a clean financial and criminal record. Specific requirements may vary depending on the regulatory authority and the main broker.
Earnings as a sub-broker depend on the volume of trades you facilitate and the commission structure. Higher trading volumes usually result in higher earnings.
Swastika provides training, marketing materials, trading platforms, and customer support to help you succeed as a sub-broker. They may also offer tools and resources to help you grow your client base.
Yes, many sub-brokers work part-time. This role can offer flexible hours, allowing you to work at your own pace and balance other commitments.
The main risks include market volatility, regulatory changes, and the responsibility of managing client relationships. It's important to stay informed and compliant with all regulations to mitigate these risks.
To attract clients, you can network within your community, offer educational seminars, use social media, and provide excellent customer service. Building trust and maintaining good relationships are key to gaining and retaining clients.
A broker is a licensed professional or firm that directly buys and sells securities for clients. A sub-broker acts as an intermediary, working under a broker to facilitate trades and provide additional support to clients